Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5072045 | Games and Economic Behavior | 2012 | 13 Pages |
Abstract
⺠Paper provides new perspective on contracts with endogenous information. ⺠Agent can acquire private information either before or after contract is signed. ⺠Some outcomes are only implementable by stochastic contracts. ⺠Full surplus extraction is compatible with incentives for information acquisition.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Stefan Terstiege,